When Chinese leader Xi Jinping appeared to scold his New Zealand counterpart over food safety during a face-to-face meeting in Bali on Sunday, Chinese social media users, inundated on a monthly basis with reports of domestic food scandals, responded with a collective face-palm.

China’s Inner Mongolia Yili Industrial Group is setting up a milk-powder factory in Kansas with Dairy Farmers of America Inc., building out its year-old strategic alliance with the U.S. cooperative as part of a trend of Chinese dairies expanding abroad.

The first stock to trade when Shanghai opened its doors to global investors epitomized the opportunities and risks of investing in the Chinese stock market. Shares of Inner Mongolia Yili Industrial Group were snapped up by buyers from Hong Kong after elaborate opening ceremonies at the Shanghai and Hong Kong exchanges.

China Huishan Dairy, which produces milk from cows imported from Australia, has received regulatory approval for an up to US$1 billion Hong Kong initial public offering, people with direct knowledge of the matter said.